Are you wondering how health care tax credits will affect your business?

Join SBA’s Web Chat:

Tips on Health Care Tax Credits for Small Biz Owners

Thursday, August 12, 2010, from 10:00 p.m. to 11:00 p.m., Pacific Time

WASHINGTON – The SBA’s Web Chat will highlight small business health care, with a focus on how the Affordable Care Act will benefit small business owners through available tax-saving incentives.  Participants can learn about the newest tax credits they can take advantage of, and additional tax provisions to be implemented during the next several years.

WHO: John Tuzynski, chief of Employment Tax and Specialty Programs for the Small Business Self-Employed (SB/SE) Division at the Internal Revenue Service, will host the August web chat on “Health Care and Small Business.”

WHAT: SBA’s Web chat series provides small business owners with an opportunity to discuss relevant business issues online with experts, industry leaders and successful entrepreneurs.  Chat participants will have direct, real-time access to the Web chats via questions they submit online in advance and during the live session, with instant answers.

WHEN: August 12, 2010, 2010, 1 p.m. ET
Tuzynski will answer questions for one hour.

HOW: Participants can join the live Web chat by going online to www.sba.gov, and clicking “Online Business Chat.”  Web chat participants may post questions before the August 12th chat by visiting http://web.sba.gov/livemeeting/Aug10/ and posting their questions online. To review archives of past Web chats, visit online at http://www.sba.gov/tools/monthlywebchat/index.html

Senator Reid’s Senior Advisor on tax and business will be speaking along with Regional  Administrator  Daniel P. Hannaher for the Small Business Administration Region 8 out of Denver.

Topics to be covered include  incentives and programs such as the Hiring Incentives to Restore Employment (HIRE) Act.  Under the HIRE Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers.

WHEN:
Tuesday, August 10, 2010
10 a.m.

WHERE:
Cathexes Architecture
250 Bell Street
Reno, Nevada

Space at this event is limited.
Please RSVP to Senator Reid’s Reno office at 775-686-5750

Victor Hugo Mercado
Regional Representative
Office of United States Senator Harry Reid

• Understanding sales and use tax
• Modified business tax
• Live entertainment tax
• Business license requirements
• Sales tax permit fees
• Collection of tax
• Exemptions
• Resale certificates
• Petition/appeal rights
• Taxpayers’ bill of rights

As well as how to:

• Complete tax returns
• Amend/correct returns
• Prepare for an audit

Rod Jorgensen, Director of Counseling, had previously attended this workshop. He reported that it was highly informative with a lot of answers to everybody’s specific questions.

You can visit http://tax.state.nv.us/meetings.htm#advisors for more information or contact Molly at 775-688-1740 for additional questions or directions.

Post compiled by Dani Raffail & Brent Alexander

At its meeting last week the Nevada Commission on Economic Development (NCED) awarded Patagonia’s newly expanded and remodeled Reno Distribution Center a 10 year 50% reduction in the property taxes they will pay for using progressive green building guidelines in the design of their facility. This is the first time that Nevada’s new Green Building Property Tax Abatement has been awarded, and it marks a major milestone in the development of a more envio-friendly business climate.

This property tax abatement came as a result of actions taken by the last legislature, and was given final approval for implementation during September of 2006.

At the NCED Commission meeting on April 18, Lt. Governor and NCED Chairman, Brain Krolicki, said “When the Nevada Legislative Commission gave final approval of the regulations on September 18, 2006, Nevada became the second state in the nation to adopt the building certification system. With the unlimited potential and continued growth of our state, it is fitting that Nevada has become a leader and innovator in sustainable buildings and renewable energy issues.”

I was a bit disappointed in my failure to easily find concise up-to-date information on the program at either the NCED’s website or on the Nevada State Office of Energy website. Both agencies are involved in the process to win the tax abatement. The program might get more interest if the benefits and requirements were easier to find and understand. It took me about 30 minutes to figure it out. If this program is going to work, it needs better marketing!

If you are thinking about a new building or a major remodel for your business in Nevada it might be very worthwhile to look into this program, so I would suggest that you call Pete Konesky, (775) 687-9700, at the Nevada Stare Energy Office, or Joe Reel, (775) 687-4325, at the Nevada Commission on Economic Development.